Examples of Intragroup Loan in a sentence
It is recalled that, as reported by the Company, the Intragroup Loan Facility Agreement is a reciprocal credit facility agreement between the Company and the above-mentioned counterparties for the lending of surplus cash.
The Seller shall procure that (a) the Intercompany Receivable Amount is settled before Closing by way of a dividend in kind or otherwise and (b) subject to settlement of the Intercompany Receivable Amount, the EUR 5,000,000 Intragroup Loan Facility Agreement is terminated with effect as of Closing, without any continuing liability of Kouti B.V. to the Seller or any of its Affiliates (other than members of the Company Group) or any of the Sponsors.
This Agreement is supplemental to a deed of variation and accession between the parties hereto made on [] 2016 of an intra-group loan agreement made on 18 December 2014 between the parties hereto (other than Topco) (Original Intra-group Loan Agreement), which in turn relates to a loan facility in an aggregate amount of EUR6,000,000 signed on 18 December 2014 provided to A UK for the benefit of the Group by Kreos (“Kreos Facility”).
The Borrower shall also have the right to repay to the Lender all or parts of the Intra-group Loan in one or several installments at any time prior to the Maturity Date.
After this Security has become enforceable, the Security Agent may exercise, without any further consent or authority on the part of the Chargor and irrespective of any direction given by the Chargor, any of the Chargor’s rights under any Intragroup Loan Agreement or in respect of the Intragroup Debt.
Castle Trust receives Advances made by the Issuer under the Borrower Loan Agreement and also receives intragroup finance from CTT under the Master Intragroup Loan Agreement (as described below).
Ofgem’s failure to do so comprises inconsistent treatment and is a material error.
Transaction: Interest rate hedging on the Intragroup Loan Facility Agreement (Setting of 3-year fixed interest rate of 2.865% + 0.75% to be applied to first €1 billion of the group's cash surpluses under the intra-group loan agreement with IB) Counterparty: Imperial Brands PLC and Imperial Brands Finance PLC.
In order to qualify as a material Intragroup Loan, the initial principal amount of the loan shall be in excess of SEK 10,000,000 (or its equivalent in any other currency) and a term of no less than 180 calendar days.
In compliance with the terms of the above agreement, the Bondholder provided a loan to the Issuer of up to € 150 m (Intragroup Loan 2019) for the Issuer to use in the way described in the Bondholder Prospectus dated 10/10/2019, prepared in the context of the Common Bond Loan (CBL 2019).